$COIN - RC -
Added 2023-06-26 16:49:01 +0000 UTC2 major catalysts for $COIN has developed.
1. Supreme Court ruled in $COINs favour relating to an arbitration case
and
2. $BTC has completed Wave 2 and broke above the previous high, triggering its own bull case which directly affects $COIN, if this is the start of $BTC's next bull run, a lot of buyers will be stepping in again and $COIN is going to benefit from this greatly.
We can also see that the wedge was the deciding factor here for $COINs trend, a break out or down would decide its fate and so far it has broke out to the upside, if $COIN can hold above $62.54 then I believe the corrective count is now invalid and this could start its impulse wave with the bottom in.
This blue line is still a very important level to get above, we can see all year that this has not been successfully flipped to support.
Comments
Bull markets bring a lot of people into the market....the crypto fan boys will come back and $COIN will benefit from revenue generated from more transactions.
Gareth Neary
2023-06-26 17:40:08 +0000 UTCMany thanks, although I am not really understanding your $BTC argument ;-) assume that's to the extreme volatility today.
Bjoern Szymkowiak
2023-06-26 17:12:56 +0000 UTC
